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Discuss the cultural habits that promote entrepreneurial development.

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a)Money orientation
-Money oriented people know the value of money and has the intention of making it.
-The money oriented people use the need of money as a motivating factor pushing then to being entrepreneurs.

b)Future orientation
-A society that has foresight to know about the future business environment is likely to have more entrepreneurs.
-This is because they are likely to visualize key changes that are likely to create opportunity.

c)Time consciousness
-Knowledge that time exists and its importance
-Knowing the right time to start an entrepreneurial activity.
-Utilization of time
-The correct timing of the market conditions

d)Trust and honesty
-Through trust consumer demand is gained on the products and services available.
-Entrepreneurs should reciprocate this by ensuring honesty by providing the expected standards.

e)Hard work i.e
-Willingness to work hard distinguishes between successful and unsuccessful persons.

sharon kalunda answered the question on April 16, 2019 at 12:27

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Discuss the cultural habits that promote entrepreneurial development.

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